Libya: Survey of upstream opportunities

Official report published in cooperation with the National Oil Corporation of Libya


North Africa's key player returns to centre stage
Current opportunities in upstream
With much of Libya’s acreage still unexplored, it is easy to underestimate the country’s enormous hydrocarbon potential
Upstream and the Libyan economy
Overall oil revenues account for some 90 per cent of Libya’s exports, 60 per cent of government income and 30 per cent of GDP
Libya’s role as a major producer
Libya has the potential to increase oil production dramatically but will need some flexibility from OPEC on quotas

NOC in profile

The strategic role of NOC
The National Oil Corporation has been instrumental in maximising returns from Libya’s oil sector
Abdalla Salem El-Badri Abdalla Salem El-Badri
Chairman, National Oil Corporation of Libya
An open door to investment
Dr Hussein Seddiq
Head of Exploration Department, NOC
Building on past successes

Geology and environment

Dr Daniel Paul Le Heron and Dr Bindra Thusu
Libya’s mature and frontier basins
New opportunities for hydrocarbon exploration and production with an emphasis on Paleozoic prospectivity
Abdullatif Benrageb
Head, Environment Protection Department NOC, & Chairman, Environment and Archaeology Committee
Protecting the environment

EPSA round-up

The evolution of EPSA
The EPSA framework and its successful implementation has strengthened international confidence in the management of Libya’s oil sector
2nd round finds winning formula
The government’s more flexible and financially attractive interpretation of the EPSA-IV model proves a hit with international investors